Question

If sales are recorded at 178 528 and food cost for the day was is 70 626 what is the food cost percent

Answer 1

To find the food cost percent, divide the food cost of 70,626 by the sales of 178,528 and multiply the result by 100. That gives you a food cost percent of 39.58%.

Step-by-step explanation:

To calculate the food cost percent, you need to divide the food cost by the sales and then multiply that number by 100 to convert it to a percentage.

Here is the calculation step-by-step:

1. Divide the food cost (70,626) by the sales (178,528).
2. Multiply the result by 100 to find the percentage.

The formula looks like this:

Food Cost Percent = (Food Cost / Sales) * 100

When you perform the calculation you get:

Food Cost Percent = (70,626 / 178,528) * 100 = 39.58%

Therefore, the food cost percent is 39.58%.